Vizsla Silver (NYSE:VZLA) Shares Down 4.1% - Here's Why

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s share price was down 4.1% on Wednesday . The stock traded as low as $3.40 and last traded at $3.41. Approximately 566,924 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,838,643 shares. The stock had previously closed at $3.55.

Wall Street Analyst Weigh In

Separately, Raymond James Financial restated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Vizsla Silver currently has a consensus rating of "Buy" and a consensus price target of $3.83.

Vizsla Silver Stock Performance

The stock has a 50 day moving average of $2.60 and a 200 day moving average of $2.22. The stock has a market capitalization of $1.02 billion, a P/E ratio of -341.50 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after purchasing an additional 2,700,887 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vizsla Silver by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock worth $13,837,000 after purchasing an additional 638,184 shares in the last quarter. Amundi lifted its position in Vizsla Silver by 125.0% in the first quarter. Amundi now owns 2,250,000 shares of the company's stock worth $4,838,000 after purchasing an additional 1,250,000 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Vizsla Silver by 534.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 370,837 shares of the company's stock valued at $846,000 after purchasing an additional 312,395 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Vizsla Silver during the 1st quarter valued at $84,000. Institutional investors own 22.46% of the company's stock.

About Vizsla Silver

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.

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